Carnival (CCL) Enterprise Value (2009 - 2026)
Carnival (CCL) posted Enterprise Value of -$2.2 billion for Q2 2026, down 58.39% on a QoQ basis from -$1.4 billion in Q1 2026, and down 3.77% year-over-year from -$2.3 billion in Q2 2025.
Carnival (CCL) Enterprise Value (2009 - 2026) Analysis & Trends
Carnival's Enterprise Value history runs 18 years deep, the most recent figure standing at -$2.2 billion for Q2 2026.
- Quarterly Enterprise Value fell 3.77% year-over-year to -$2.2 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was -$2.2 billion (down 3.77% YoY) and the FY2025 annual result came in at -$1.9 billion, down 58.18% from the prior year.
- Enterprise Value was -$2.2 billion for Q2 2026 at Carnival, down from -$1.4 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$833.0 million in Q1 2025 and bottomed at -$7.2 billion in Q2 2022.
- A 5-year average of -$3.3 billion and a median of -$2.2 billion in 2024 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2024 — Enterprise Value soared 63.31% — and 2026, when it slumped 68.79%.
- Carnival's Enterprise Value stood at -$6.0 billion in 2022, then soared by 59.68% to -$2.4 billion in 2023, then jumped by 50.12% to -$1.2 billion in 2024, then slumped by 58.18% to -$1.9 billion in 2025, then decreased by 16.35% to -$2.2 billion in 2026.
- Business Quant data shows CCL's Enterprise Value at -$2.2 billion in Q2 2026, -$1.4 billion in Q1 2026, and -$1.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | -16.02 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | -517.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | -12.01 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 5.93 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -3.80 Bn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | -2.23 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -2.50 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -185.05 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -415.51 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -392.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -2.23 Bn |
| Feb 28, 2026 | -1.41 Bn |
| Nov 30, 2025 | -1.91 Bn |
| Aug 31, 2025 | -1.76 Bn |
| May 31, 2025 | -2.15 Bn |
| Feb 28, 2025 | -833.00 Mn |
| Nov 30, 2024 | -1.21 Bn |
| Aug 31, 2024 | -1.52 Bn |
| May 31, 2024 | -1.65 Bn |
| Feb 29, 2024 | -2.24 Bn |
| Nov 30, 2023 | -2.43 Bn |
| Aug 31, 2023 | -2.86 Bn |
| May 31, 2023 | -4.49 Bn |
| Feb 28, 2023 | -5.47 Bn |
| Nov 30, 2022 | -6.02 Bn |
| Aug 31, 2022 | -7.07 Bn |
| May 31, 2022 | -7.21 Bn |
| Feb 28, 2022 | -6.93 Bn |
| Nov 30, 2021 | -8.95 Bn |
| Aug 31, 2021 | -7.80 Bn |